$398,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $398k home. Change the numbers to see different options. This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 398,000 dollar house? It depends. In addition to the mortgage payment, a home also has insurance, maintenance, and taxes. Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $398,000 house.
2% interest
0% down$1,471.09/mo
5% down$1,397.53/mo
10% down$1,323.98/mo
15% down$1,250.42/mo
20% down$1,176.87/mo
25% down$1,103.31/mo
30% down$1,029.76/mo
35% down$956.21/mo
40% down$882.65/mo
45% down$809.10/mo
50% down$735.54/mo
4% interest
0% down$1,900.11/mo
5% down$1,805.11/mo
10% down$1,710.10/mo
15% down$1,615.10/mo
20% down$1,520.09/mo
25% down$1,425.08/mo
30% down$1,330.08/mo
35% down$1,235.07/mo
40% down$1,140.07/mo
45% down$1,045.06/mo
50% down$950.06/mo
6% interest
0% down$2,386.21/mo
5% down$2,266.90/mo
10% down$2,147.59/mo
15% down$2,028.28/mo
20% down$1,908.97/mo
25% down$1,789.66/mo
30% down$1,670.35/mo
35% down$1,551.04/mo
40% down$1,431.73/mo
45% down$1,312.42/mo
50% down$1,193.11/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 398,000 house with a 20% down payment?
($318,400 loan. 30 year mortgage)
0.25%$918.12
0.50%$952.62
0.75%$987.95
1.00%$1,024.10
1.25%$1,061.07
1.50%$1,098.86
1.75%$1,137.46
2.00%$1,176.87
2.25%$1,217.07
2.50%$1,258.06
2.75%$1,299.84
3.00%$1,342.39
3.25%$1,385.70
3.50%$1,429.76
3.75%$1,474.56
4.00%$1,520.09
4.25%$1,566.34
4.50%$1,613.29
4.75%$1,660.93
5.00%$1,709.24
5.25%$1,758.22
5.50%$1,807.84
5.75%$1,858.10
6.00%$1,908.97
6.25%$1,960.44
6.50%$2,012.50
6.75%$2,065.14
7.00%$2,118.32
7.25%$2,172.05
7.50%$2,226.30
7.75%$2,281.06
8.00%$2,336.31
8.25%$2,392.03
8.50%$2,448.22
8.75%$2,504.85
9.00%$2,561.92
9.25%$2,619.40
9.50%$2,677.28
9.75%$2,735.55
10.00%$2,794.19
10.25%$2,853.19
10.50%$2,912.53
10.75%$2,972.20
11.00%$3,032.20
11.25%$3,092.50
11.50%$3,153.09
11.75%$3,213.96
12.00%$3,275.10